Nokia Corporation (NYSE:NOK) Receives Upgrade From Credit Suisse. Will Other Analysts Follow Suit?


Nokia Corporation (NYSE:NOK) Stock Upgrade

In an analyst research report distributed on 1 December, Credit Suisse boosted shares of Nokia Corporation (NYSE:NOK) to a Outperform. The previous rating for NOK was a Neutral.

From a total of 10 analysts covering Nokia (NYSE:NOK) stock, 8 rate it a ”Buy”, 1 a “Sell”, and 7 a ”Hold”. This means that 50% of the ratings are positive. Nokia was the topic of 6 analyst reports since August 26, 2015 according to the firm StockzIntelligence Inc. TheStreet upgraded shares on October 16 to “Buy” rating. Deutsche Bank upgraded NOK stock in a recent report from September 21 to “Buy” rating. Finally, Nordea upgraded the stock to “Sell” rating in a report issued on a September 1.

The stock closed the day at $7.21 during the previous session. It is down 6.00% since April 28, 2015 and is downtrending. It has underperformed by 4.37% the S&P500.

 Nokia Corporation (NYSE:NOK) Receives Upgrade From Credit Suisse. Will Other Analysts Follow Suit?

Nokia Corporation invests in technologies. The company has a market cap of $28.92 billion. The Firm operates through three business divisions: Nokia Networks, HERE and Nokia Technologies. It has 25.37 P/E ratio. Nokia Networks offers network infrastructure software, hardware and services.

According to Zacks Investment Research, “Nokia is the world leader in mobile communications. Backed by its experience, innovation, user-friendliness and secure solutions, the company has become the leading supplier of mobile phones and a leading supplier of mobile, fixed and IP networks. By adding mobility to the Internet Nokia creates new opportunities for companies and further enriches the daily lives of people. Nokia is a broadly held company with listings on six major exchanges.” Get a free copy of the Zacks research report on Nokia Corporation (ADR) (NOK)